ABU DHABI / WAM Reinforcing its pivotal role in driving the continuous growth and development of the country’s banking sector, the UAE Banks Federation, a professional representative body comprising 48 member banks operating in the UAE, has launched a new brand identity. Abdul Aziz Al Ghurair, Chairman of UAE Banks Federation, said, “In parallel with the UAE’s growth and transformation …

ABU DHABI / WAM The supply of commercial real estate, selling or leasing, will be subject to the Value-Added Tax (VAT) at 5%, while residential units will remain generally exempt, except for the first supply of a new residential building within the first three years of it being constructed, which will be 0% rated, according to a statement by the …

Colombo / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has discussed ways of advancing bilateral relations with Sri Lanka at a meeting here on Saturday with the Sri Lankan Prime Minister Ranil Wickremesingh. The two sides reviewed issues of common interest and the latest regional and international developments of mutual concern. …